BTCUSDT Elon Musk's AI robot Grok, after being prompted by others' leading questions, responded by suggesting "GrokCoin" as the name for its memecoin and provided a contract address. GMGN shows that the token's market cap has reached $12 million, with a trading volume of $51.9 million.
BTCUSDT The brief crypto rally following Trump’s Truth Social announcement on Sunday was swiftly erased, with risk assets broadly retreating and wiping out most of Sunday’s gains. This sell-off was exacerbated by Trump’s renewed push for tariffs on Canada, Mexico, and China, reinforcing investor concerns over escalating trade tensions.
The surprise inclusion of XRP, SOL, and ADA tokens in the reserve has divided the crypto community, with the initial euphoria over the project’s merits giving way to deeper scrutiny. Questions are now emerging about potential contradictions with DOGE’s cost-cutting measures, as well as the opaque source of funding for this reserve accumulation.
This downturn could intensify pressure on Trump, especially after the strong support and donations he received from the crypto community during his campaign. Even the SEC’s latest move — pausing and dismissing enforcement cases against crypto firms — failed to stem the sell-off, underscoring broader risk aversion in the market.
After a month of subdued cross-asset volatility, market anxiety has resurfaced with the prospect of tit-for-tat tariffs dampening global growth sentiment. This shift is evident in the 10-year Treasury yield dropping 50 bps over the past two weeks, the VIX surging past 22, and BTC front-end vols repricing sharply — up 8 points since the weekend, with skew shifting significantly toward puts.
BTCUSDT Samson Mow, CEO of Jan3, warned Trump about the cryptocurrency reserve plan, pointing out that if the plan includes random altcoins, it may cause chaos and turn it into a pure speculative game. The real strategy should give priority to POW assets such as BTC, LTC and XMR.
BTCUSDT Elon Musk's AI robot Grok, after being prompted by others' leading questions, responded by suggesting "GrokCoin" as the name for its memecoin and provided a contract address. GMGN shows that the token's market cap has reached $12 million, with a trading volume of $51.9 million.
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